EC SD | Hayinhere - 4/12/2025 20:04
in 1913, gold started being fractionally backed, april 5, 1933 FDR called in the gold, after the gold was out of peoples hands, he devalued it to $35 per oz.
It was the worst robbery of the citizens every in history! FDR made everyone exchange their gold for gold certificates (in dollars), then declared the certificates to be worth only 41% of their prior value in gold. A wealth tax on every citizen's gold holdings, from those with just a few dollars, to the wealthy, that did not have their wealth invested in other assets.
All of this was in response to an emergency, as declared by FDR alone, that foreign countries were devaluing their currency to impose non-monetary trade barriers for US exports. |
$92 per acre farmland - how much is your grandpas farm worth?
